by Fresh inflation projections likely to keep the central bank on the path of prudence. The Swiss National Bank (SNB) left its monetary policy unchanged at its quarterly meeting today. The main policy rate was left at a record low (-0.75%) and the central bank reiterated its currency intervention pledge. Importantly, the SNB’s inflation forecasts for 2019 and 2020 were significantly revised down—another argument for the SNB to remain cautious and wait for the European Central Bank to start hiking its own policy rates. Swiss Headline Inflation and SNB Inflation Forecasts 1999-2021 - Click to enlarge Read full report here Related posts: Swiss
Topics:
Nadia Gharbi considers the following as important: 1) SNB and CHF, Featured, Macroview, newsletter
This could be interesting, too:
Guillermo Alcala writes USD/CHF slides to test 0.8645 support with US inflation data on tap
Swissinfo writes Swiss central bank posts CHF62.5bn profit
Nachrichten Ticker - www.finanzen.ch writes Trump-Faktor und Marktbedingungen könnten für neuen Bitcoin-Rekord sorgen
Charles Hugh Smith writes Is Social Media Actually “Media,” Or Is It Something Else?
|
Fresh inflation projections likely to keep the central bank on the path of prudence. The Swiss National Bank (SNB) left its monetary policy unchanged at its quarterly meeting today. The main policy rate was left at a record low (-0.75%) and the central bank reiterated its currency intervention pledge. Importantly, the SNB’s inflation forecasts for 2019 and 2020 were significantly revised down—another argument for the SNB to remain cautious and wait for the European Central Bank to start hiking its own policy rates. |
Swiss Headline Inflation and SNB Inflation Forecasts 1999-2021 - Click to enlarge |
Tags: Featured,Macroview,newsletter